Bristow Group Inc (VTOL)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 563,583 | 557,823 | 537,777 | 525,351 | 493,125 | 524,456 | 582,786 | 579,885 | 576,464 | 559,479 | 577,395 | 585,748 | 675,889 | 672,745 | 661,088 | 524,151 | 195,861 | 182,861 | 167,072 | 119,963 |
| Total current liabilities | US$ in thousands | 309,789 | 325,704 | 293,817 | 274,412 | 285,590 | 294,408 | 337,828 | 287,755 | 288,427 | 279,123 | 293,926 | 305,120 | 325,891 | 351,231 | 358,226 | 297,978 | 50,776 | 34,396 | 29,981 | 31,517 |
| Current ratio | 1.82 | 1.71 | 1.83 | 1.91 | 1.73 | 1.78 | 1.73 | 2.02 | 2.00 | 2.00 | 1.96 | 1.92 | 2.07 | 1.92 | 1.85 | 1.76 | 3.86 | 5.32 | 5.57 | 3.81 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $563,583K ÷ $309,789K
= 1.82
The current ratio of Bristow Group Inc has fluctuated over the past few years, indicating changes in its short-term liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
Looking at the data provided, we observe that the current ratio has varied between 1.71 and 2.07 in recent quarters. A ratio above 1 typically suggests that the company has more current assets than current liabilities, which is generally considered a positive sign of liquidity.
In particular, the current ratio improved significantly in the March 2020 quarter, reaching 3.86, and remained relatively high in subsequent quarters before declining in more recent periods.
It is worth noting that in the most recent quarter (December 2023), the current ratio stood at 1.82, indicating a slight decrease in liquidity compared to the previous quarter.
Overall, while the current ratio of Bristow Group Inc has shown some fluctuations, it generally indicates that the company has been able to meet its short-term financial obligations adequately. However, it would be essential to continue monitoring trends in the current ratio to assess the company's ongoing liquidity position.